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Company type | Publicly traded Aktiebolag |
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Nasdaq Stockholm: MTG A MTG B | |
Industry | Media |
Founded | 1987 |
Headquarters | Stockholm, Sweden |
Key people | David Chance (Chairman) Maria Redin (President and CEO) Lars Torstensson (CFO) |
Products | Television, eSports, Online games and Digital networks |
Revenue | SEK 3.997 Billion (Fiscal Year Ended 31 December 2020) [1] |
SEK 0.035 Billion (Fiscal Year Ended 31 December 2020) [1] | |
SEK -0.096 Billion (Fiscal Year Ended 31 December 2020) [1] | |
Total assets | SEK 10.800 Billion (Fiscal Year Ended 31 December 2020) [1] |
Total equity | SEK 5.216 Billion (Fiscal Year Ended 31 December 2020) [1] |
Subsidiaries | InnoGames Turtle Entertainment GmbH (ESL) Dreamhack Kongregate Ninja Kiwi |
Website | www |
Modern Times Group (MTG) is a digital entertainment company based in Stockholm, Sweden. It formed from the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. It is a strategic and operational investment holding company, managing a portfolio including gaming companies InnoGames, Ninja Kiwi and Kongregate, and digital network company Zoomin.TV.
Kinnevik distributed the MTG shares to its shareholders in 2018 [2] and in 2019 MTG distributed shares in the newly founded Nordic Entertainment Group (now Viaplay Group) to its shareholders following the strategic transformation into a global digital entertainment company. [3]
Since July 2015, MTG's digital presence was expanded through a number of acquisitions. In 2015 MTG bought 74% of the shares in Turtle Entertainment, a top-tier esports tournament operator, owning brands such as Electronic Sports League (ESL). MTG then acquired 51% of the shares in Zoomin.TV, Europe's largest MCN and the 5th largest network on YouTube. Later the same year MTG made the acquisition of 100% of DreamHack, one of the biggest esports tournament organisers in the world. In 2016 and 2017 MTG continued its journey by acquiring 35% of a leading German games developing company InnoGames and U.S. based games publishing company Kongregate. Since the start of its investment operations, MTG has made further share acquisitions in the before-mentioned companies.
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Below is a timeline of MTG milestones since 1987.
MTG sells its 15.1 percent interest in TV4 AB in January 2005. In March, CTC Media launches the Domashny television network in Russia.
In July 2005, Modern Entertainment Ltd., its film rights unit in Los Angeles, agreed to sell 332 films to Lionsgate Films and shut down its operations to focus on European operations. [4]
TV4 AB is a Swedish media company owned by Telia Company through TV4 Media. The company owns the largest commercial television channel in Sweden, TV4.
ZTV was a Swedish television channel owned by Viasat. Launched in February 1991, as a daily afternoon show on TV3 and TV4, it became a channel of its own on Swedish cable networks in May 1992. The intention was to create a Swedish version of MTV and thus the focus was primarily on music, but also had their own comedy-oriented shows, skate and prank related shows and aired various tv shows and movies. Since May 2006, most of its programming composed of music videos. ZTV's last day was August 1, 2010 for all customers except for Boxer and Com Hem, who continued to distribute the channel indefinitely in a limited version. MTG's new sports channel TV10 took over the transmissions of other operators.
Viasat was a satellite and pay television brand, co-owned by the Swedish media group Viaplay Group in the Nordic countries, Antenna Group in Hungary, and by Viasat World internationally. Founded in Sweden in 1991, Viasat has previously been owned by Modern Times Group. The channels of both companies were broadcast from London.
V Film is a group of premium movie channels broadcasting in the Nordic countries owned by Viaplay Group.
TV6 is a Swedish television channel broadcasting owned by Viaplay Group. It has origins in the youth channel ZTV that started broadcasting in the early 1990s. In 2004, MTG started repositioning the channel by introducing sports broadcasts and other programming that mainly targeted men.
V Sport is the common brand of several sports channels targeting the Nordic countries, owned by Viaplay Group. The brand has been introduced in June 2020, replacing the former brands Viasat Sport and Viasport. Its main competitors are TV 2 Sport (Denmark), TV 2 Sport (Norway), TV4 Sport (Sweden), MTV Urheilu (Finland) and Eurosport.
DIEMA is a Bulgarian television channel, part of Nova Broadcasting Group, owned by United Group. The channel airs mainly films and action series. Along with Nova Sport and Diema Sport airs sports, including matches from the English FA Premier League, the FA Cup and the UEFA European Football Championship qualifications, as well as the England national football team home matches.
Digital terrestrial television was launched in Sweden in 1999. The shutdown of the analogue equivalent started on September 19, 2005, and was finalized on October 15, 2007.
Telia Digital TV is an IPTV distribution platform in Sweden owned by Telia Company. It was launched in January 2005 from a few locations.
Tele2Vision was a Swedish cable television distributor owned by Tele2 that was started in 1986.
TV6 Latvia is an entertainment television channel broadcasting to Latvia featuring series, music, fashion and sports. It was launched on April 22, 2007. The programmes broadcast on the channel include The Simpsons, United States of Tara, Las Vegas, Harper's Island, American Idol, Survivor, My name is Earl, Family Guy, Shark, CSI: Miami, The Office, Sex and the City and more.
V Sport is a group of Swedish sports channels owned by Viaplay Group, broadcasting from the United Kingdom and constituting a part of the pan-Nordic V Sport offering. The Swedish V Sport channels except V Sport Motor and V Sport Extra are also distributed in Finland.
Viasat Kino is a movie television channel targeting the Baltic countries. It is owned by the international broadcaster Viasat World and was launched on 1 March 2003 by Swedish media conglomerate Modern Times Group.
Television began in Sweden in 1954 with test transmissions, prior to the opening of the first station, Radiotjänst, two years later. A second channel was launched in 1969. Commercial television arrived in the 1980s through cable television and in 1992, the country's first terrestrial commercial channel was launched.
Viju TV1000 Russkoe is a television channel broadcasting Russian language movies owned by Viasat Russia. The channel is available in Russia and Commonwealth of Independent States
Go3 Sport is a group of sports television channels available in the Baltic States. The channel was launched 7 January 2009 as Viasat Sport Baltic. Along with Viasat Golf it replaced Viasat Sport 2 and Viasat Sport 3 for viewers on the Viasat platform in Estonia, Latvia and Lithuania.
Viaplay Group AB, formerly known as Nordic Entertainment Group AB, is a Swedish media and entertainment company headquartered in Stockholm.
Bitė Group is a Lithuanian telecommunication conglomerate currently owned by Providence Equity Partners since 2016, having been owned by TDC in Denmark until 2007 and by Mid Europa Partners between 2007 and 2016. Of Baltic states, Bitė mainly operates in telecommunication sector in Lithuania and Latvia, but through its media business TV3 Group, it has an additional presence in Estonia.
TV3 Group is a media company founded in 2017 and owned by a private equity investment firm Providence Equity. The company operates in the Baltic States.